UK Retail Sales Drop by Alarming Levels Amid Economic Lockdowns
The UK is now experiencing similar side-effects from economic shutdowns to that of the US. A substantial increase in food and alcohol sales has ensued, but retail and non-essential sales have plummeted to historic lows. The UK began its lockdown period on March 23 as a means of mitigating the spread of the deadly coronavirus. […]
Trump’s Economic Advisor Makes Grim Prediction Regarding Q2 GDP and Unemployment Rate
Kevin Hassett, who is the White House economic advisor, is anticipating very grim GDP and employment levels in the second quarter of 2020. Appearing on an ABC’s This Week interview, Kevin Hassett has a very gloomy outlook for the US economy as a result of implications stemming from the coronavirus pandemic. He is predicting GDP […]
Inflation: US Fed Forgetting About Basic Economic Theory While Pumping Money into Economy
It has been famously stipulated by economists Milton Friedman and Anna Jacobson Schwartz that the Great Depression was largely caused by the sudden lack of money supply in the economy, which in turn was triggered by unregulated bank panics. Although their theory has since been argued, this time around the US federal government took no […]
Horizons ETFs HOU, HOD To Rollover To September Crude Oil Contracts
It appears that futures market exchange operators are getting frustrated with that of current crude oil ETF’s and their effects on markets during the current period of volatility. This morning, Horizons ETFs announced that its BetaPro Crude Oil 2x Daily Bull ETF (TSX: HOU) and BetaPro Crude Oil -2x Daily Bear ETF (TSX: HOD) would […]
Falcon Gold Completes 3 Drill Holes At Central Canada Project
Falcon Gold (TSXV: FG) this morning announced that it has completed a total of three drill holes at its Central Canada project. The drills have now totaled 468 metres, which has been conducted along the Central Canada Mineralized Zone. The three holes drilled by the contractor on site have successfully intersected what is referred to […]
Harvest Health Sells 13 California Assets To High Times
Harvest Health (CSE: HARV) this morning announced that it is reducing its focus on the California market through the sale of 13 operational and planned dispensaries in the state to that of Hightimes Holding Corp. The company did not provide details on which locations and licenses would be changing ownership. While Harvest will maintain a […]
Venezuela Experiencing Protests and Looting Amid Food and Fuel Shortages
Although North America is experiencing an oversupply of fossil fuels and bottle-necked food chains amid the coronavirus pandemic, the same cannot be said about Venezuela. Since the beginning of April, there have been at least 500 protests across Venezuela regarding the recent food and fuel shortages stemming from the coronavirus pandemic. Venezuela, which has recently […]
Canada’s Employment Numbers Back to 1980’s Level Amid COVID-19 Pandemic
According to preliminary Canada Emergency Response Benefit (CERB) data, the number of unemployment claims since April 6 amounts to the total number of job gained since the 1980’s. As a response to the coronavirus-induced financial hardships faced by many Canadians across the country, the federal government introduced the Canada Emergency Response Benefit. The CERB is […]
UN Suggests at Least $1 Trillion in Debt Forgiveness Needed for Developing Countries Amid Pandemic
The United Nations recently issued a statement regarding the fight against COVID-19 in developing countries. In order to successfully mitigate the spread of the deadly virus, at least $1 trillion in debt held by developing countries would need to be forgiven in order to soften the disastrous economic impact the virus has caused thus far. […]
Bruce Campbell Proclaims CloudMD One of His Top Picks
Today Bruce Campbell told BNNBloomberg CloudMD (CSE: DOC) is one of his top picks. The small cap portfolio manager was on Market Call talking about how to navigate the junior markets given the current COVID-19 pandemic. He notes CloudMD recently hit their stride providing digital delivery of healthcare to patients via their smartphone or computer. […]